1) The opening balances for Vendor accounts in an invoice batch on Sage 300 have been entered and posted with total payables of $6000. If the A/P opening balance has already been entered in the General Ledger and the A/P subledger batch for $6000 in the G/L is accidentally posted, what would be the effect on the G/L Accounts Payable account balance?

a) the G/L accounts Payable account balance would be 6k

b) the G/L accounts payable account balance would be 18k

c) the G/L accounts payable account balance would be 12k

d) this would not affect the G/L accounts payable account balance

2) on Sage 300 if an invoice has been entered and posted with an incorrect term, the payment due date, the discount date and the discount amount can be adjusted in the:

a) invoice entry window

b) control payments window

c) payment entry window

d) adjustment entry window

3) on sage 300 the first step in setting up the company is to activate:

a) none of the answers are correct

b) accounts payable and accounts receivables

c) administrative services and common services

d) bank services and tax services

4) to enter new accounts on Sage 300, use the chart of accounts icon found in the G/L accounts window

a) true

b) false

5) Which two windows on Sage 300 can be used to post an A/P batch?

a) the create payment batch window and the control payments window

b) the invoice batch list window and the post batches window

c) none of the answers are correct

d) the invoice entry window and the payment entry window

6) when making the payment to the receiver general on Sage 300 for the net amount of the GST, the G/L Trial balance report is used to find the amount for this payment. where can the G/L trial balance report be found?

a) in the general ledger desktop

b) in the accounts payable desktop

c) in the accounts receivable desktop

d) in the common services desktop

7) on Sage 300 adjustments may be made in the "A/P Adjustments" window or in the "A/P Payment Inquiry" window

a) true

b) false

8) The code N15 means payment is due within 15 days of the invoice date, with a discount.

a) true

b) false

9) On sage 300, a two segment account "4000-20" consist of:

a) a department and a division respectively

b) an account and a division respectively

c) a department and an account respectively

d) an account and a department respectively

10) On sage 300 to activate the accounts receivable module, go to

a) accounts receivable desktop, then double click the data activation icon

b) general ledger desktop, then double click the datat activation icon

c) common services desktop, then double click the data activation icon

d) administrative services desktop, then double click the data activation icon

11) on Sage 300 each sage accpac ERP installation consists of how many databases

a) none

b) 2

c) 3

d) 4

12) The "create interest batch" icon on Sage 300 can be found in:

a) the A/P periodic processing icon

b) A/R periodic processing icon

c) G/L Periodic processing icon

d) none of the answers correct

13) on Sage 300, before you can post the batch the batch listing must be:

a) printed

b) saved

c) none of the answers are correct

d) set ready to post

14) on Sage 300 you can change the session date by:

a) none of the answers are correct

b) clicking "file" from the main menu, then select open company

c) clicking "file" from the main menu, then select close company

d) click object from the main menu, then select open company

15) common services manages the user IDS, security and user authorization which determines who can access the company data on Sage 300 and what tasks they are permitted to do

a) true

b) false

16) When processing an invoice batch on Sage 300 the first step is to:

a) print the batch listing

b) create a new batch

c) print the posting journal

d) establish control totals